Cimber Sterling expects increased operating loss

Cimber Sterling cut its forecast for its fiscal year ending April 30 owing to "increased competition with severely squeezed fares, lower demand and extra costs related to the severe winter weather" and now expects an operating loss of DKK200-DKK220 million ($36.6-$40.2 million). That result excludes DKK10 million in costs related to its initial public offering and compares to the Danish airline's earlier forecast of a DKK60 million operating loss. It lowered its 2009-10 revenue guidance to DKK1.55-DKK1.61 billion from DKK1.68-DKK1.73 billion.

Cimber Sterling cut its forecast for its fiscal year ending April 30 owing to "increased competition with severely squeezed fares, lower demand and extra costs related to the severe winter weather" and now expects an operating loss of DKK200-DKK220 million ($36.6-$40.2 million). That result excludes DKK10 million in costs related to its initial public offering and compares to the Danish airline's earlier forecast of a DKK60 million operating loss. It lowered its 2009-10 revenue guidance to ...